Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 14 February 2019

Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019 [SI 2019 No. 253]

Directive EU 2015/849 (MLD4) sets out the European legal framework on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017 No. 692) (the MLRs), and the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (SI 2017 No. 1301) (the Oversight Regulations) both transposed in part MLD4 and also make provision about beneficial ownership information and deal with enforcement in the UK of Regulation EU No 2015/847/EU (the Funds Transfer Regulation). The relevant provisions of the MLRs, the Funds Transfer Regulation and the Oversight Regulations will be amended in order to remove any requirements to transmit information to EU institutions, or to have regard to guidelines published by the ESAs. The amendments wi
Comparing proposed amendment...
Introductory Text
Part 1 General (reg. 1)
In force
Regulation 1 Citation and commencement
Part 2 Amendment of secondary legislation (regs. 2-13)
In force
Regulation 2 Money Laundering Amendments
In force
Regulation 3 Part 1: introduction
In force
Regulation 4 Part 2: money laundering and terrorist financing application
In force
Regulation 5 Part 2: Money laundering and terrorist financing risk assessment and controls
In force
Regulation 6 Part 3: customer due diligence
In force
Regulation 7 Part 4: reliance and record keeping
In force
Regulation 8 Part 5: beneficial ownership information
In force
Regulation 9 Part 6: supervision and registration
In force
Regulation 10 Part 7: Transfer of Funds (Information on the Payer) Regulations
In force
Regulation 11 Part 8: information and investigation
In force
Regulation 12 Part 9: Enforcement
In force
Regulation 13 Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017
Part 3 Amendment of EU legislation (regs. 14-20)
In force
Regulation 14 Regulation (EU) 2015/847
In force
Regulation 15 Subject matter, scope and definitions
In force
Regulation 16 Obligations on payment service providers
In force
Regulation 17 Information, data protection and record-retention
In force
Regulation 18 Sanctions and monitoring
In force
Regulation 19 Implementing powers and derogations
In force
Regulation 20 Commission Delegated Regulation (EU) 2018/1108
Signature
Explanatory Note
Explanatory Memorandum